Auctus is a Unique Alternative to Pension Payments

Nowadays the problem of people’s trust (or distrust) in state financial instruments is quite acute. This is not surprising, since the authorities constantly introduce reforms to the pension fund: they increase the duration of the minimum work experience, raise the retirement age and cut down pension payments. That is why many people are looking for unofficial employment, which does prove the people’s lack of trust in the authorities.

This problem should be solved with the help of an independent financial instrument that would ensure all payments transparency. Such an instrument is provided by the project Auctus, the main purpose of which is to help each person to provide themselves with decent retirement savings.

What basic services does Auctus offer?

Auctus will provide users with optimized investment portfolios, services of the consultants and a consultancy platform operating on the Ethereum smart contract. The payment system will be focused on providing only the necessary and most suitable services for a specific financial situation.

What will the relationship with Auctus be built on?

All intra-platform interactions will be carried out with the help of AUC tokens, which users will be able to use to communicate with financial advisers via the built-in message system or via phone, and financial consultants will correspondingly receive payment in the same currency. Moreover, financial experts will have the opportunity to earn AUC not only by consultations, but also by writing newsletters and providing recommendations on portfolios.

The project will be implemented with third-party suppliers in the form of robot consultants which will also receive AUC for the provided personalized investment strategies.

It is very important that users are paying only for those services that really helped to solve a certain task and brought good results.

Why should I trust my Auctus funds?

The services provided by the project will be low-cost, and the payment system will be transparent due to smart contracts. The blockchain technology, which the project is based on, will act as a registrar recording the recommended allocation of assets in portfolios and forecasts of the robot-consultants.

You will be able to join the development of the automated investment service Auctus, designed to accelerate the implementation of pension plans, from the 27th of March during the Token Sale.

Telegram-chat: https://t.me/AuctusProjectThe Coin Shark does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions. The Coin Shark is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the article.

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As it has been reported by the Marketwatch, Erik Finman, a teenager who became a millionaire back in the times when Bitcoin cost 20 thousand dollars, gave a very negative outlook for BTC in the future.

“Bitcoin is dead, it’s too fragmented, there’s tons of infighting I just don’t think it will last. It may have a bull market or two left in it, but long-term, its dead,” said Finman.

As for Litecoin, here the teenager is sure that this coin “has been dead for a while”. He also mentioned those coins that, in his opinion, still have a chance at the market, such as Ethereum, ZCash and, surprisingly, Bitcoin Cash.

Although Eric is still very young and not that experienced, the fact that he owned 4 million dollars in BTC in 2011 make his predictions quite reasonable.

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Have you ever thought how many air flights are conducted in the sky everyday? More than 100,000 per day. With the scientific development and aviation itself, there has appeared a new type of flights – unmanned, using UAV (Unmanned Aerial Vehicle, commonly known as drones). As you may have deduced, controlling all of them is a tremendously hard work; airports have no margin for error, thouthands of people’s lives are at stake. Thus, it is essential to advance navigation system, which Skynavpro™ is prone to do.

What is it itself?

Skynavpro™ is a navigation software integrated in a specially developed hardware for communication, collision avoidance and live tracking for general aviation. Its shape is a single portable box, where all the information is being saved.

The goal of the project is to create a cockpit architecture based upon portable devices. Moreover, the Team has also decided to develop blockchain-operated flight-planning and tracking platform to secure all the information on blocks inside the box.

What does the project offer?

Skynavpro™ provide all relevant flight information in one box. All you need is just buy the necessary hardware, install them and enjoy the following services :

free planning and navigation;

flying weather data;

2-way text communication;

worldwide tracking;

a traffic monitor for collision avoidance;

SOS emergency calls.

The services are provided depending on the account: free or premium. The hardware that you may need divides into types. The first, the basic one, is BlueLine, it gives the possibility of communication for tracking and weather data. The other one is RedLine, which completes the former through the integration of collision avoidance systems, like ADS-B (Automatic Dependant Surveillance – Broadcast) and FLARM.

ICO details

The token of the project is SNP, the total amount of which is 400 000 000, but only 240 000 000 goes for sale. Pre-ICO has already started, it will last till December 31. During the pre-ICO, the distributed amount of tokens is 60 000 000, and the price of SNP equals $0.035 + (50% Bonus). Though, during the ICO itself, the distributed tokens will increase to 100 000 000 and the price of SNP will become $0.070. The hard cap is $9 million, the soft cap is not required. The accepted currency is ETH, as the token is based on Ethereum protocol.

If you are interested in the project, please follow the link to find more information.

The Coin Shark does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions. The Coin Shark is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the article.

According to the online platform Coingecko, Bitcoin (BTC) added 0.8% over the past 24 hours. The price at the time of writing is $3266 per coin.

The rest of cryptocurrencies tend to fix in the green zone:Bitcoin Cash added 1.98% over the past 24 hours and costs $81 per coin;Ripple lost 0.03% and is $0.29 in value;EOS grew by 2.62%, and its price is $2.01;Litecoin increased by 6.03%, and its cost is $27;Cardano added 1.47%, and its rate is $0.029;Stellar grew by 0.10% and costs $0.097;IOTA dropped by 1.05%, and its cost is $0.24;Dash lost 1.32%, and its price is $64;Monero became more expensive by 1.21% and costs $41.

Over the past 24 hours, Ethereum added 0.49%. The coin rate is $87, according to Coin 360.

The total market capitalization of $104 billion. The share of Bitcoin is 54.8% of the total volume. In monetary terms, this is $57 billion.

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The money is the most genius invention of mankind. During its long history, it has repeatedly changed its conceptual design. And each stage was accompanied by a qualitative leap in the development of human civilization. In this article we will talk in detail about money, its history and future prospects.

1. The main functions of money

The Money is fairly universal tool with the help of which you can perform many tasks.

Circulation tool. In turnover, money is a mediator. In order to effectively perform this function, money should be easy to deal with, and its transfer from one person to another should be fulfilled as soon as possible.

Payment tool.Each product has its own price, money allows to simplify the process of exchange of goods and services significantly.

Accumulation tool. Some of the unused funds can be accumulated for the future, but it is very important to diversify risks and not to keep money in one currency, because, in terms of inflation, its purchasing power in future may significantly decrease.

2. The origin of money and its evolution

The money origin is rooted to the times of primitive people. The development of money can be divided into several stages.

The first money.The money did not exist as such in human civilization at an early stage of its formation, at that time primitive people had barter. The first elementary monetary funds began to appear at the time of the division of labor. Different tribes used the various goods which were available to them as the money. For example, cocoa beans in Mexico, animal skins in Siberia, pearls in South America were used as currency, etc. Salt was another valuable resource.

Metal money. With the development of civilization, money acquires a metallic form. In the VII century B.C. the first coinage appeared. This format of monetary funds becomes very popular all over the world. The primary materials of which were gold, silver, copper and bronze. This type of money significantly increased the sales turnover between people and brought human civilization to a fundamentally new level. During this period begins the accumulation of large capitals.

Paper money. In 910 A.D, in China, the first paper money appeared. The appearance of banks marked the beginning of a new era of market relations. Banks have become major custodians of values. People handed them their money, and received paper certificates in return. This format have become so popular that over the time these certificates began to be considered as money, which we can observe nowadays.

Electronic money. A year of 1991 becomes a critical point in history, this is the year when the Internet begins to function. Banks actively pick up this technology and begin to use it after a couple of years. Digital money is much faster and more secure than paper analogues. They are still the most common type of monetary funds.

Bank cards. The world’s first plastic card was issued back in 1950, it was used in order to pay for dinner in certain restaurants. And only in two years after that, the first bank credit card was issued in the USA.

Digital coins. The history of cryptocurrencies begins in the end of 2008, it was the first time when people heard the word Bitcoin. The main feature of cryptocurrency is the lack of a single center that controls emissions and acts as an intermediary in the course of transactions, digital coins also can be mined, i.e., engaged in mining.

3. Prospects of cryptocurrencies

Some experts predict a total collapse of cryptocurrencies, other experts predict the world recognition and almost the transfer of all the wealth of mankind into blockchain. What does really awaits the cryptocurrency industry in the future? In fact, there is not a single person who will be able to predict its further development by 100%. We can only assume certain scenarios based on certain facts.

It should be noted that a very technological and a universal technology such as blockchain lies at the roots of cryptocurrencies. Potentially, it can be used in almost any field of activity.

Cryptocurrencies have altered the very essence of the money: no one controls them, they can not be banned or blocked.

Even against the background of the deep correction of 2018, large companies, funds and private investors are beginning to be interested in cryptocurrencies.

The governments of the largest countries are developing a legal framework for the market. This will allow to promote cryptocurrencies massively.

Along with that, the mass media is overloaded by bad news which is one of the reasons for the protracted correction. If you look at the cryptocurrency chart in longer term, you can clearly see the liquidity of cryptocurrency assets (20x growth), even taking into account their rollback from peak values by 70-90%.

Source: CoinMarketCap

4. Conclusion

Money is the greatest invention of mankind, they became the catalyst of the progress of human civilization. We are witnessing the formation of a new type of money such as digital coins. Only time will tell whether cryptocurrencies will be able to take a palm of victory and push out paper and electronic money. But it is worth noting that in the long run they have all the chances to do that.